Is CEG halal?
Constellation Energy Corporatio
Not halal
Constellation Energy Corporatio did not pass AAOIFI screening. The failed check is shown below.
Checked: 10 October 2026
Exchange
NASDAQ
Price
275
Day
-1.62%
Market cap
$105.61B
Industry
Utilities - Independent Power Producers
Sector
Utilities
What the company does
Constellation Energy is the largest US owner of nuclear plants (a top carbon-free power supplier), plus gas plants and retail power sales to businesses. Revenue comes from electricity sales, including long-term deals with AI firms like Microsoft.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $24.70B ÷ 36-month average market cap $79.69B = 31.0%
31.0%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $881.00M ÷ 36-month average market cap $79.69B = 1.1%
1.1%
Pass
Non-compliant income / total revenue
limit 5%
—
No data
Figures from the company's filings (2026-06-30), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict. Today's market cap: $105.61B.
For information (AAOIFI 3/1 note): cash + receivables are 5.5% of total assets (2026-06-30). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- 0.14% weight · #122 of 503
- Held by funds
- SPUS 0.23%
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 1 superinvestors · Average reported price: $248.37
- Dennis HongShawSpring Partners$7.1M3.0%
Halal stocks in the same industry
The largest halal stocks in Utilities - Independent Power Producers — for comparison.
Related articles
- Halal investingBlogHaram revenue you can't see from the industry label: pork, weapons, casinosPork hides under "Packaged Foods", weapons under "Aerospace & Defense". What automated screening misses and how we catch it by hand.
- Halal investingBlogWhy a company's cash affects whether its stock is halalLots of cash sounds like a good sign — but halal screening checks it separately. What counts, what doesn't, and where we are stricter than AAOIFI.
- Halal investingBlogAAOIFI Shariah Standard No. 21 in plain languageThe most widely used standard for halal stock screening: the two-step test, the three ratios and how it differs from other methods.
Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.